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Question
Select the correct answer from the options given below and rewrite the statement:
Deposit is a type of ______________________.
Options
Owned capital
Short term loan
Long term loan
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Solution
Deposit is a type of Short term loan.
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RELATED QUESTIONS
When should a company file Return of Deposit?
Write a word or a term or a phrase which can substitute the following statement.
Book which contains details of deposits accepted or renewed.
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Deposit can be accepted for a maximum of 36 months.
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Account which is used only for repaying deposits is called ______.
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Charge on assets is created when company issues unsecured deposit.
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Answer in brief.
State the contents of circular or Advertisement for Deposit
State any four terms and conditions regarding acceptance of deposit.
Answer the following question:
Explain the provisions related to circular or advertisement for inviting deposits.
Give one word or phrase for the following sentence:
Type of company that can accept deposits only from its members or directors.
Arrange in Proper Order:
(a) Payment of Deposits
(b) Deposit Receipt
(c) Acceptance of Deposit
Study the following case/situation and express your opinion.
| CC Company Ltd. is an eligible Public Company as per the Companies Act, 2013 with reference to accepting Public Deposits. |
- Can the company accept deposits in joint names?
- Can the company accept deposits from its members?
- Can the company issue secure deposits?
